Cost of Living in Alba, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
92.3
100 = national avg
-7.7 vs national average
Living Wage (1 Adult)
$40,626
per year
Living Wage (Family of 4)
$96,025
per year
Cost Index by Category
Housing31.4
Food119.9
Transportation139.8
Healthcare115.9
Utilities98.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$897
per month
2 Bedroom
$1,162
per month
The overall cost of living index in Alba is 92.3, which is 7.7% below the national average. Housing costs are below the national average at an index of 31.4. A single adult needs to earn approximately $40,626 per year to cover basic expenses.